Researcher

Dr Fei Huang

My Expertise

Ethical Insurance Pricing, Insurance Data Science

Keywords

Fields of Research (FoR)

Insurance studies, Investment and risk management, Statistical data science, Marketing Management (incl. Strategy and Customer Relations), Business Ethics

SEO tags

Biography

Fei is a Senior Lecturer in the School of Risk and Actuaries Studies and Lead - Data and AI Tech at UNSW Business AI Lab. She received her BSc. in Mathematics from Xiamen University, MPhil in Actuarial Science from the University of Hong Kong, and PhD in Actuarial Studies from the Australian National University. Before joining UNSW in 2020, she was a faculty member at the Australian National University.

In her research, Fei focuses on...view more

Fei is a Senior Lecturer in the School of Risk and Actuaries Studies and Lead - Data and AI Tech at UNSW Business AI Lab. She received her BSc. in Mathematics from Xiamen University, MPhil in Actuarial Science from the University of Hong Kong, and PhD in Actuarial Studies from the Australian National University. Before joining UNSW in 2020, she was a faculty member at the Australian National University.

In her research, Fei focuses on responsible data-driven decision-making and customer management in the insurance industry, utilizing tools from statistics, machine learning, economics, and marketing. Her research interests include fair insurance pricing, algorithmic bias, interpretable machine learning, customer lifetime value, customer retention, and mortality modelling. She particularly explores ways to make insurance non-discriminatory, affordable, and sustainable in the contexts of AI and climate change. Fei also investigates how insurers can manage customers to improve business outcomes. Her work has been published in leading actuarial journals. Fei has received the Carol Dolan Actuaries Summit Prize and the ASTIN Colloquium Best Paper Award for her research on anti-discrimination in insurance pricing. In 2023, she was honoured with the Actuaries Institute's Volunteer of the Year Award in the Spirit of Volunteering category and the UNSW Business School SDG Research Impact Award.

Fei teaches actuarial data science and statistical machine learning at UNSW.  By collaborating with industry partners, she incorporates contemporary industry challenges into the course syllabus to offer a unique industry-engaging experience for students via Sandbox Projects. Her educational excellence has been recognized by winning the UNSW John Prescott Award for Outstanding Teaching Innovation (2022), the ANU Vice Chancellor’s Award for Teaching Excellence in the Early Career Category (2018) and the ANU College of Business and Economics Award for Teaching Excellence in the Early Career Category (2017).  Fei is a Senior Fellow of Advance HE (SFHEA).

Fei works with insurers, consulting firms, and government agencies for transformative research and education projects, covering a wide range of topics. Examples of such collaborations include retirement-age mortality modelling, fairness metrics for life insurance, Interpretable and fair insurance pricing using causal models, personalised customer management, bushfire risk modelling, multi-coverage bundled insurance pricing, claims inflation forecasting, and property insurance pricing with high-cardinality features. 

 


My Grants

  • Interpretable and Fair Insurance Risk Pricing using Causal Models (with Joshua Loftus), SOA CKER and CAS Individual Grant Competition, 2024
  • Fairness Metrics for Life Insurance (with Milliman), SOA Research Grant, 2023

My Qualifications

  • Senior Fellow of Advance HE (SFHEA)
  • PhD, Australian National University 
  • MPhil, University of Hong Kong
  • BSc, Xiamen University 

My Awards


My Research Activities

  1. Insurance Discrimination and Pricing Fairness in the Context of AI (and non-AI). See related papers below: 
    (1) The Discriminating (Pricing) Actuary (with Edward (Jed) Frees), NAAJ, 2022
    (2) Anti-discrimination Insurance Pricing: Regulations, Fairness Criteria, and Models (with Xi Xin), NAAJ,  2023 (This paper won the inaugural Carol Dolan Actuaries Summit Prize and ASTIN Colloquium Best Paper Award)
    (3) Welfare Implications of Fairness and Accountability for Insurance Pricing (with Hajime Shimao), 2022 
  2. Interpretable Machine Learning 
    (1) Why You Should Not Trust Interpretations in Machine Learning. (with Xi Xin and Giles Hooker)
  3. Socio-economic and Subgroup Mortality modelling 
  4. Advanced-age mortality modelling and forecasting using extreme value theory (EVT)
    (1) Modelling life tables with advanced ages: An extreme value theory approach (with Ross Maller and Ning Xu), Insurance: Mathematics and Economics, 2020
  5. Customer Churn Analysis
    (1) Multi-State Modelling of Customer Churn (with Yumo Dong, Edward (Jed) Frees, Francis Hui), ASTIN Bulletin, 2022 (SSRN version)

My Research Supervision


Supervision keywords


Areas of supervision

  • Responsible Data-driven Decision Making
    * Insurance discrimination and pricing fairness
    * Algorithmic bias mitigation
    * Interpretable machine learning 
    * Mortality modelling
  • Customer Relationship Management
    * Pricing
    * Customer Retention
    * Customer Lifetime Value

Currently supervising

  • Laura Zhao (primary supervisor), part-time PhD student at UNSW Sydney
  • Xi Xin (primary supervisor), PhD student at UNSW Sydney
  • Yumo Dong (primary supervisor), PhD student at the Australian National University, graduated.

My Engagement

Media Coverages:

 

 


My Teaching

  • ACTL4305/5305 Actuarial Data Science Applications (2020 - now)
    Sandbox project (2021): Develop Pricing Models for SME Building Insurnace with Features Having High Cardinality. Industry Partner: Suncorp. Media Coverage
    Sandbox project (2022): Multi-coverage Claim Modelling for Insurance Packaged Products. Industry Partner: IAG. Event Video
    Sandbox project (2023): Understanding Bushfire Event Risk Across Australia. Industry Partner: Suncorp. Event Video
  • ACTL3142/5110 Statistical Machine Learning for Risk and Insurance Applications (2021-2022)
    Sandbox project (2021): Predicting Claims Inflation for Commercial Auto Insurance Pricing. Industry Partner: IAG. Event Video
View less